A record year for him profits of listed companies in 2023. In particular, the profit of listed companies in 2023 is expected to exceed the 10.4 billion euros achieved in 2022, while financial distributions are estimated to approach or more than 4 billion euros, a higher amount than in 2008 (4.49 billion euros) and 2007 (5.42 billion euros), while on the “map” of of dividends banks will also come in, after 16 years.
In the amount of 2.93 billion euros, listed companies rewarded their shareholders in 2023, for the fiscal year 2022, while in the last 15 years the largest amount was recorded in 2007 at 5.42 billion euros. In 2008 they distributed dividends of 4.49 billion euros, in 2009 they amounted to 2.96 billion euros, in 2010 to 1.82 billion euros, in 2011 to 1.19 billion euros, in 2012 to 0.82 billion in 2013 billion in 0.74 billion euros, in 2015 in 0.85 billion euros, in 2016 in 1.05 billion euros, in 2017 in 1.34 billion euros in 2018, € 1.3 billion in 2018, € 2,2 billion in 2019, and 1,34 billion in € €1.75 billion in 2021. euro. In terms of profit, the year 2023 is expected to be a record year, after 2007 (profit of 11.3 billion euros) and higher than 10.4 billion euros in 2022.
The net profit of listed companies in 2021 amounted to 4.08 billion euros, in 2020 to 0.67 billion euros, in 2019 to 0.84 billion euros, in 2018 to 1.59 billion euros, in 2017 to 2 .38 billion euro, in 2071 billion in 2016 billion. and in 2015 to 0.86 billion euros.
In 2014 listed companies reported a loss of 3.05 billion euros, in 2013 a profit of 2.49 billion euros, in 2012 a loss of 6.6 billion euros, in 2011 a loss of 7.4 billion euros, in 2010 a loss of 3.1 billion euros, 2009 billion in euros, in 2008 profit of 5.7 billion euros, in 2007 profit of 11.3 billion euros and in 2006 profit of 8.3 billion euros.
The banks
For the first time since the 2008 fiscal year, Greek banks will distribute dividends in July. The four systemic banks will distribute dividends worth 814 million euros.
The approval for a dividend stay closes the return to normality for Greek banks, traveling on a difficult path for the Greek banking system.
Eurobank will pay a total dividend of 342 million euros or 0.0933 euros per share, National will pay 332 million euros (0.36 euros per share), Piraeus will pay a total dividend of 79 million euros (0.063 euros per share) and Alpha Bank 61 million euros (0.026 euros per share).
Foreign and local investment houses increased their target prices for Greek banks after the results of the first quarter and the ECB’s decision to give the green light to dividend payments for the first time in 16 years.
Analysts see the distribution of the dividend as a positive factor in the flow of banking shares and estimate that it will “unlock” the value.
The positive outlook for the sector is due to the optimistic business plans presented together with the results of 2023, which predicts the stability of profits for the years 2024-2026, despite the reduction in the rates of interest and dividend distribution from the income of 2023, expected to increase in the future.
The dividend yield of Greek banks will reach 10% in 2026, as it matches European competitors, Jefferies estimates.
Although dividends will start at a low level (10 – 30% of 2023 income), in 2026 they are expected to reach the European average of 50%. JP Morgan’s view is that distribution ratios will be in line with European averages in 2025 – 2026.